Gartner’s 2022 Magic Quadrant For Oracle Cloud Application Services: 19 Companies Generate $15.4 Billion
The demand for Oracle Cloud application services continues to increase as total annual cloud revenue for the company currently stands at over $11 billion, growing at a double-digit clip year after year.
There is massive Oracle cloud sales growth accruing for many large channel partners including the likes of Accenture, Deloitte, PwC, and Tata Consultancy Services (TCS), according to Gartner’s new 2022 Magic Quadrant for Oracle Cloud Application Services, Worldwide.
In fact, the 19 vendors who made Gartner’s Magic Quadrant generated a whopping $15.4 billion in total revenue from Oracle cloud application services last year, up from $12.5 billion year over year. Among these 19 service providers covered in Gartner’s Magic Quadrant, there are almost 270,000 resources engaged in Oracle projects, of which 121,000 are engaged in projects on Oracle Fusion Cloud applications.
Gartner points to the global COVID-19 pandemic as a major reason why Oracle Cloud Application (OCA) sales are rapidly growing.
“It is clear that the pandemic has accelerated the demand for digital business and cloud and led to a severe talent shortage,” the report said. “The necessary OCA skilled implementation resources will need to at least double through 2023. In total, these 19 vendors have almost 47,000 individual accredited certifications in these products.”
By the end of 2024, 75 percent of Oracle application services revenue will be cloud-related as enterprises accelerate their move to the cloud, according to Gartner. Additionally, by 2024, 70 percent of large ERP deployments will be delivered by predominantly remote rather than on-site implementation teams.
Gartner’s Magic Quadrant ranks vendors on their ability to execute and completeness of vision and places them in four categories: Niche Players (low on vision and execution), Visionaries (good vision but low execution), Challengers (good execution but low vision) and Leaders (excelling in both vision and execution).
CRN breaks down the 19 vendors in Gartner’s 2022 Magic Quadrant for Oracle Cloud Application Services who are leading the world in provider Oracle cloud services. 1 23… 20NextRELATED TOPICS: